Shiba Inu (SHIB) is closing the week where it started as the most popular cryptocurrency in the market, with the dog meme token ranking first on CoinMarketCap’s trending list.
Indeed, SHIB is now trending above both Bitcoin (BTC), the most well-known digital asset on the piata de criptare, and Fetch.ai (FET), which is currently in third place.
Leading the market in terms of searches and popularity as the most trending coin Shiba Inu is currently changing hands at $0.000009747, up 6.15% in the last 24 hours and a further 18.08% across the previous week.
Notably, the dog meme token, after adding $900 million to its market cap in the last week, is now worth a total of $5.35 billion.
The next target level for SHIB now is $0.00001 after breaking above the crucial daily media mobilă (MA) 50 barrier of $0.0000087, which had served as the cryptocurrency’s ceiling since November 10.
Analiza tehnică SHIB
SHIB’s TradingView’s Analiza tehnică (TA) pe indicatori de 1 zi pentru SHIB, sentimentul este optimist, indicând „cumpărare” la 14. Acest rezumat este rezultatul oscilatoare pointing toward ‘buy’ at 2 and moving averages suggesting ‘buy’ at 12.
Aside from that, the machine learning-based algorithms over at Predicții de preț avea made the forecast that the price at which SHIB would trade by the end of January at $0.000008036 is a bearish estimate.
However, the crypto community anticipates SHIB to trade at an average price of $0.000010439 on January 31, 2023, according to the most recent count of votes submitted by members of the cryptocurrency community at CoinMarketCap using the platform’s Price Estimate tool.
It is ALSO important to note that Finbold identified Shiba Inu as one of the five top meme currencies to keep an eye on in the month of January 2023.
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Source: https://finbold.com/shib-ends-the-week-as-the-most-trending-coin-after-rising-18/